A theory of fiscal policy response to an epidemic
Sign Up to like & getrecommendations! Published in 2022 at "Health Economics"
DOI: 10.1002/hec.4564
Abstract: Abstract Governments worldwide have issued massive amounts of debt to inject fiscal stimulus during the COVID‐19 pandemic. This paper analyzes fiscal responses to an epidemic, in which interactions at work increase the risk of disease… read more here.
Keywords: fiscal policy; response epidemic; policy response; policy ... See more keywords
What is the right balance between US monetary and fiscal policy? Explorations using simulated wavelet-based optimal tracking control
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DOI: 10.1007/s00181-017-1326-2
Abstract: This paper uses wavelet-based optimal control to simulate fiscal and monetary strategies under different levels of policy restrictions. The model applies the maximal overlap discrete wavelet transform to US quarterly GDP data and then uses… read more here.
Keywords: wavelet based; fiscal policy; policy; based optimal ... See more keywords
The Supply of Safe Assets and Fiscal Policy
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DOI: 10.1007/s10272-018-0728-5
Abstract: Beyond fleeting references, there is surprisingly little analysis about the interrelationship between fiscal policy and safe assets. This study analyses this interrelationship and argues that, at a certain point, more public debt will not “buy”… read more here.
Keywords: safe assets; fiscal policy; supply safe; assets fiscal ... See more keywords
The nexus of sectoral-based CO2 emissions and fiscal policy instruments in the light of Belt and Road Initiative
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DOI: 10.1007/s11356-021-13040-3
Abstract: Climate change due to global warming is becoming a major global issue over the past few decades. The emission of carbon dioxide (CO2) and other greenhouse gasses cause global warming. Most carbon emissions come from… read more here.
Keywords: fiscal policy; policy; belt road; policy instruments ... See more keywords
Fiscal policy effectiveness and the golden rule of public finance
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DOI: 10.1016/j.cbrev.2018.08.001
Abstract: Abstract The present paper uses a dynamic stochastic general equilibrium (DSGE) framework with imperfect competition and nominal rigidities in order to analyze the impact of two different fiscal rules on the effectiveness of fiscal policy.… read more here.
Keywords: fiscal policy; rule public; finance; golden rule ... See more keywords
Fiscal Policy and Liquidity Traps with Heterogeneous Agents
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DOI: 10.1016/j.econlet.2017.05.025
Abstract: This paper explores global dynamics in a monetary model with limited asset market participation and the zero lower bound on nominal interest rates. It is shown that a rise in government transfers to ‘non-Ricardian’ consumers… read more here.
Keywords: liquidity; fiscal policy; liquidity traps; traps heterogeneous ... See more keywords
Fiscal financing and the efficacy of fiscal policy in Korea: An empirical assessment with comparison to the U.S. evidence
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DOI: 10.1016/j.econmod.2017.03.001
Abstract: This paper aims to assess the empirical implications of fiscal financing in Korea and study how they differ from those of the U.S. We estimate two versions of the dynamic stochastic general equilibrium (DSGE) model—a… read more here.
Keywords: financing efficacy; fiscal policy; government; fiscal financing ... See more keywords
Discretionary fiscal policy and disagreement in expectations about fiscal variables empirical evidence from Brazil
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DOI: 10.1016/j.econmod.2018.03.007
Abstract: The present paper provides evidence in support of the hypothesis that the use of discretionary fiscal policy creates disagreements in expectations about both public debt and budget balance. The analysis considers the Brazilian case. Brazil… read more here.
Keywords: fiscal policy; discretionary fiscal; expectations fiscal; disagreement expectations ... See more keywords
Determinants of discretionary fiscal policy in Central and Eastern Europe
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DOI: 10.1016/j.ecosys.2016.10.003
Abstract: This paper explores economic, political and institutional determinants of discretionary fiscal policy in 11 Central and Eastern European (CEE) countries from 2000 to 2013 and compares discretionary fiscal reactions before and during the global economic… read more here.
Keywords: determinants discretionary; fiscal policy; policy; period ... See more keywords
Under threat: Rules-based fiscal policy and how to preserve it
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DOI: 10.1016/j.ejpoleco.2018.09.001
Abstract: Rules-based fiscal policy is under threat. Over the last two decades, it proved frustratingly complicated to strike the right balance between three essential properties of sound fiscal policy rules: simplicity, flexibility, and enforceability. Simplicity has… read more here.
Keywords: fiscal policy; rules based; based fiscal; policy ... See more keywords
Fiscal policy interventions at the zero lower bound
Sign Up to like & getrecommendations! Published in 2018 at "Journal of Economic Dynamics and Control"
DOI: 10.1016/j.jedc.2018.01.048
Abstract: We build on a New Keynesian Dynamic Stochastic General Equilibrium (DSGE) model to explore the macroeconomic consequences of fiscal expansionary shocks during the economic crisis of 2008 in the eurozone. In this setting, we find… read more here.
Keywords: fiscal policy; policy; zero lower; policy interventions ... See more keywords